Emirates NBD issues USD 500 mn sustainability-linked bonds under EMTN program: Emirates NBD launched a USD 500 mn five-year sustainability-linked loan bond at initial price thoughts of 125 bps over US Treasuries, Zawya reports. The issuance, which falls under its USD 20 bn Euro Medium Term Note (EMTN) program, marks the bank’s first sustainability-linked issuance. The bonds will be issued on 26 November.

Details: Rated A2 by Moody’s and A+ by Fitch, the senior unsecured notes will be listed on Nasdaq Dubai and Euronext Dublin. Proceeds will be used to finance or refinance loans in its sustainability-linked portfolio.

ADVISORS- Emirates NBD Capital and HSBC Bank acted as joint sustainability structuring agents, with HSBC also serving as the billing and delivery bank. Emirates NBD Capital, FAB, HSBC, Industrial and Commercial Bank of China, and Société Generale are joint lead managers and bookrunners.

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